Sen. Cynthia Lummis (R-WY) highlighted the importance of protecting BTC property rights in an interview with Fox Business. She argued that BTC must be protected, asserting that the asset should not be solely held or controlled by government. Lummis emphasized the benefits of BTC, including cheap and instantaneous transactions and opportunities for financial inclusion. Rep. Bill Huizenga (R-MI) tweeted in agreement with Lummis’ remarks.

Rep. Dan Meuser (R-PA) discussed crypto with Fox Business, arguing that the US has “a real opportunity to create a strong, fair, and innovative environment for crypto” under President-elect Trump. Rep. Meuser argued that the government must continue the progress of the House Financial Services Committee and "move on from the SEC's backwards approach and embrace a pro-growth, pro-crypto economy going forward."

President-elect Trump’s transition team is reportedly exploring the creation of a crypto czar role dedicated to coordinating federal oversight of the crypto market. Former CFTC Chair Chris Giancarlo is among the names being floated for the position, according to people familiar with the matter. Trump is continuing to focus on the creation of “czar” roles, which are understood to be appointed (non-confirmed) senior advisors that will oversee some of his top policy priorities. Trump has already announced his plans to appoint immigration and energy czars.

President-elect Trump tapped Scott Bessent, a hedge fund manager and the founder of Key Square Group, to serve as secretary of the Treasury. Trump’s announcement came after an extended deliberation process, as his inner circle debated over the ideal candidate for the role. Trump has made it clear he wants a candidate that he feels is favored by Wall Street and traditional financial services investors, but also retains credibility with his base of supporters. Bessent was ultimately nominated over a slew of other well-known candidates, including former SEC Chair Jay Clayton, former USTR Robert Lighthizer, and Sen. Bill Hagerty (R-TN). Bessent has been a vocal supporter of crypto in the past, recently saying that “Crypto is about freedom and the crypto economy is here to stay.”

Evelien Witlox, the European Central Bank’s (ECB) project manager for the digital euro, emphasized the need for Europe to accelerate its efforts so it does not fall behind global competitors in the race for a CBDC. Witlox also highlighted the benefits of a digital euro, including the potential for increased financial inclusion.

The Cyprus Securities and Exchange Commission (CySEC) announced its adoption of the European Banking Authority’s (EBA) guidelines on governance for issuers of asset-referenced tokens (ARTs). The guidelines, issued in June, aim to bolster the management and oversight of ART issuers, ensuring enhanced consumer and investor protection.

UK Economic Secretary to the Treasury Tulip Siddiq said at a conference in London that the government will draft a regulatory framework to oversee the crypto sector, including rules on stablecoins and staking services, early next year. Legislation on those two areas was previously expected to be passed by the previous Conservative government in the summer, but the general election intervened. The UK is seeking to combat the lure of the incoming Trump Administration to crypto businesses in the US.

US District Judge Reed O’Connor overturned the SEC’s rule that expanded the definition of “dealer” to include proprietary trading firms, some hedge funds, and crypto firms, saying the agency overstepped its authority when it adopted the rule. The Crypto Freedom Alliance of Texas and the Blockchain Association filed the lawsuit against the SEC. An SEC spokesperson stated that the agency was reviewing the ruling and "will determine next steps as appropriate."

The CFTC’s Global Markets Advisory Committee voted to advance a recommendation to expand the use of non-cash collateral through the use of distributed ledger technology. The recommendations relate to how registered firms can use DLT for holding and transferring non-cash collateral. These recommendations apply existing policies and procedures to support the tokenized collateral's use in a manner that is consistent with the margin requirements of the CFTC, other US regulators, and derivatives clearing organizations.